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Lucid Group delivered 3,806 vehicles in the third quarter, down 6.7% year over year, after the electric automaker reduced production at its Arizona plant to one shift under new CEO Silvio Napoli.
Ford Motor sold 507,395 light-duty vehicles in the third quarter, a 6.6% decline, edging Hyundai Motor's 506,200 units and defying a Cox Automotive forecast that had predicted Hyundai would take the No. 3 spot.
General Motors sold 670,974 new vehicles in the third quarter, a 5.5% year-over-year decline, as EV sales collapsed across its lineup. Toyota rose 0.6% with electrified models making up more than 57% of its sales, while Honda posted a 9.3% gain.
Rivian Automotive delivered 19,248 vehicles in the third quarter, a 46% year-over-year rise that topped Wall Street estimates, and reaffirmed its 2026 delivery guidance.
Cox Automotive has lowered its full-year outlook for the Manheim Used Vehicle Value Index to a 0.2% gain, down from a projected 2% rise, after used prices slipped 1.95% between July and September.
Jim Farley says Europe missed its chance to manage Chinese automakers' entry, but the US can still act deliberately as Ford balances partnerships with competition.
